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and michelle are off today. >>> it is nonstop for barack obama and mitt romney. they have less than 24 hours now to convince the nation's undecided that they are the right guy for the next four years. danielle nottingham is tracking both candidates today. >> reporter: elizabeth, the white house hopefuls have been pushing it hard the last few days with events across the country. and with the race so close, they are both bringing along some big name help. ♪ [ music ] >> reporter: mitt romney kicked off his last campaign day in florida, where voters will help awarded biggest battleground prize. >> we can begin a better tomorrow, tomorrow and with the help of the people in florida, that's exactly what's going to happen. [ applause and cheers ] >> reporter: the republican nominee is on a final tear through the states that will decide who wins the white house. >> god bless the people of wisconsin. >> i need iowa. >> cleveland really does rock! >> reporter: president obama is spending the final hours of the campaign in wisconsin, iowa and ohio. ♪ [ music ] >> reporter: and he is using star powe
but president obama says we could avoid the fiscal cliff. i'm michelle griego. >> and the president addressed the nation, and quick action to keep all american taxes from going up on new year's day. >> cbs5 reporter cate cauguiran watched the address and is breaks it down. >> what does it really mean for everyone in california. >> reporter: there is a new report that shows the bay area's job market could grow faster than the state of california and the nation over the next two years, but our economic growth could go downhill with this looming fiscal cliff. >> right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1 january 1st. everybody's. >> reporter: just hours ago the president warned lawmakers the deadline is approaching. economists say the fiscal cliff could throw the economy back into a recession. both republicans and democrats emphasize compromise. >> this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution t
marie macdonald. >>> good afternoon, everyone. i'm michelle griego. >> hi, everybody. i'm frank mallicoat. in his first press conference since his re-election president obama calls on compromise and focus to avoid the "fiscal cliff." >> he seems confident it can be done. >> we face a very clear deadline that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. >> the president says he will not agree to any budget deal that extends current tax rates for the wealthiest americans and says his stand on that issue was validated by voters. congressional republicans have said they are willing to include new tax revenue in a deficit reduction deal but they have been adamant that the tax rates themselves do not increase. >>> let's see how wall street is reacting to the news. not so good, down 124 points so far. >>> one of the key moments in the news conference came when the president took on republican
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